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Cryptocurrency News Articles
Bitcoin (BTC) and Ethereum (ETH) Market Observation
Dec 20, 2024 at 11:08 am
El Salvador continues to accelerate its Bitcoin purchases through an ambitious plan despite its deal with the International Monetary Fund.
Major cryptocurrencies such as Bitcoin and Ethereum have suffered a sharp correction after the recent interest rate cut by the Federal Reserve. However, according to veteran trader Peter Brandt, the Bitcoin-gold ratio is still bullish, indicating that the current downturn may be temporary. On the other hand, analyst Justin Bennett warns that if the bulls lose momentum, there may be further declines.
In terms of policy, Senator Cynthia Lummis plans to authorize the Federal Reserve to buy and hold Bitcoin, while self-proclaimed Bitcoin creator Craig Wright has been sentenced. Additionally, President Trump has pledged to establish a national strategic Bitcoin reserve, and the German Free Democratic Party is pushing for the integration of digital assets into the country's existing financial framework.
Despite the current downward trend in the market, the industry remains optimistic about the maturity of the crypto market in the next few years, as institutional investors are purchasing the equivalent of 8 years of Bitcoin issuance in 2024.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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- Ethereum (ETH) and Lunex Network (LNEX) Prepare For Huge Rallies
- Dec 20, 2024 at 07:45 pm
- Driven by Ethereum’s (ETH) supremacy in the DeFi area and positive technical signs, investors are looking at an ambitious $10,000 target this cycle. Though Ethereum (ETH) shows significant momentum, a new competitor called Lunex Network (LNEX) is drawing interest with its innovative DeFi ecosystem and shockingly high return on investment potential.
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- Tether (USDT) Inflows Surge as Stablecoins Drive Bitcoin's (BTC) Rally
- Dec 20, 2024 at 07:40 pm
- Recent on-chain data highlights a surge in Tether [USDT] inflows to centralized exchanges, averaging $40 million per day. This trend suggests that stablecoins may be the driving force behind Bitcoin's ongoing rally.
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- Kaia Chain: Revolutionizing Web3 with LINE Mini Dapps
- Dec 20, 2024 at 07:40 pm
- Kaia Chain is spearheading a transformative shift in blockchain by seamlessly integrating Web3 technology into everyday digital platforms. Born from the collaboration between Klaytn and Finschia, the blockchain ventures of Kakao and LINE, Kaia is bridging decentralized innovation with mainstream digital ecosystems. With access to over 270 million users across LINE and Kakaotalk, Kaia is redefining the digital experience by offering groundbreaking Mini Dapps that merge Web2 simplicity with Web3 functionality.
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- Ripple (XRP) Retests Historic Support, Prepares for Rally Above $3
- Dec 20, 2024 at 07:35 pm
- The price of Ripple (XRP) dipped to the $2.0 range as the crypto market plunged in a surprise flash crash. Nevertheless, it is not something to be worried about; the altcoin only retested the 2021 high, in turn preparing the coin for an explosive rally above $3 in a few days ahead.
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- Cryptocurrency Market Bloodbath: XRP and Cardano (ADA) Experience Staggering Losses, Leading to a $1.2 Billion Liquidation
- Dec 20, 2024 at 07:35 pm
- In a shocking turn of events for the cryptocurrency market, major altcoins such as XRP and Cardano (ADA) experienced staggering losses, leading to a $1.2 billion liquidation